Are you comfortable with the concept of being in debt or not?

The answer is yes you can and I have done this as well to buy one of my fourplexes I did a cash out refinance on my acura to get part of the down payment capital.These funds are considered secured debt (backed by the pink slip on your car) so you can use them in a lending transaction.The key distinction with secured debt versus other debt or unsecured loans (backed by nothing but verbal/signature/ you/ etc) you can use them as permissible funds for down payment or closing costs while the later you cannot unless you season them in your account for 1-2 months minimum so it becomes a timing and planning issue (unsecured loan/debt).Also the other thing to consider is how this car loan will affect your debt to income or DTI.

Tough to do as lot of buyers are in the same spot and will take less return to live headache free.If you take on debt or have  more cash to put down then NNN options open up.

@Will Kirkendoll put the property under contract with the seller, have debtors attorney request an approval for the sale, one approved by the court, close through title.

@Anthony Fontana bad debt (or credit loss) is would be a debt that could not be received.

My question to the group is do I sell my rental property that is paid off and end up paying capital gains + depreciation tax or would I refinance for let's say $280,000, pay off my primary residence and have $100,000 to either pay off debt or reinvest?

Does it qualify for agency debt or will it eventually qualify?

I realize it won't do anything sitting in my bank account so I'm looking for a vehicle to make it exponentially grow.Looking forward to reading your thoughts.Thanks.If you are carrying any credit card debt or other consumer debt like car loans, paying that off is going to generate a better return.  

My house hack is saving me $650 a month, which I can use for debt or to buy another.

And it's the OPPOSITE with debt....if I can DEFER my debt (or even taxes) then it's better because paying $1 10 years from now is less money than paying $1 now...and that's another reason why we stretch out loans in this fashion.